viewXtract Resources PLC

Xtract Resources plc - Application to admission and total voting rights

RNS Number : 7803C
Xtract Resources plc
21 October 2020



For immediate release

21 October 2020


Xtract Resources Plc

("Xtract" or the "Company")

Application to Admission

Total Voting Rights


On 30 September 2020, the Board of Xtract Resources Plc ("Xtract" or the "Company") announced that the Company's Broker, Novum Securities, had conditionally raised £650,000 (before expenses) following the placement of new Ordinary Shares of 0.02p each ("Ordinary Shares") at 1.20p ("Placing Price") per new Ordinary Share (the "Placing"). In addition, the Company announced that it had agreed to settle a corporate creditor through the issuance 1,250,000 new ordinary shares at an issue price of 1.20p per ordinary share (equivalent to fees of £15,000) ("Settlement Shares") and to issue a further 1,250,000 new Ordinary Shares to the Company's Broker at the placing price of 1.20p in lieu of fees ("Fee Shares").


Application has now been made for admission, on or around 28 October 2020, of the 54,166,666 Placing Shares, the Settlement Shares and the Fee Shares (together the "New Shares"), in aggregate amounting to 56,666,666 new Ordinary Shares. The New Shares will rank pari passu in all respects with the Company's existing issued ordinary shares.


Total Voting Rights

On Admission of the New Shares, the Company will have 519,465,144 Ordinary Shares in issue with voting rights.  Xtract does not currently hold any shares in treasury.  Accordingly, this figure of 519,465,144 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.


Further details are available from the Company's website which details the company's project portfolio as well as a copy of this announcement: www.xtractresources.com 


This announcement contains inside information for the purposes of Article 7 of EU Regulation No. 596/2014 on market abuse. The person who arranged for the release of this announcement on behalf of the Company was Colin Bird, Director.




Xtract Resources Plc

Colin Bird,

Executive Chairman


+44 (0)20 3416 6471


Beaumont Cornish Limited

Nominated Adviser and Joint Broker

Roland Cornish

Michael Cornish

Felicity Geidt

+44 (0)207628 3396



Novum Securities Limited

Joint Broker                  


Colin Rowbury 


+44 (0)207 399 9427




This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

Quick facts: Xtract Resources PLC

Price: -

Market: LSE
Market Cap: -

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...


Xtract Resources to become mid-tier gold producer by end 2017 – CEO

Jan Nelson, chief executive of Xtract Resources PLC (LON:XTR), says the restructuring of the Chepica mine in the last quarter of last year is paying off. “I know it was very difficult and hard for investors at the time, but I think you can see that the plan in terms of stopping and...

on 05/05/2016

3 min read